Don't think that the fewer the indicators, the better, and don't think that the more the indicators, the worse. It is about the success rate. A high success rate is great. Don't learn naked K or anything. At this stage, it is impossible for us retail investors to be so powerful. This requires a process.
Brother Su only has 2000U and has been fighting in the currency circle contract for two months. He is still not profitable and is still improving his skills. Today, he learned a new indicator: Bollinger Bands. He found that combining this indicator with the moving average can greatly increase the winning rate and make the mentality better.
Many people say that the big guys don't need to look at technical indicators. Obviously, there are too few big guys and more retail investors. As retail investors, we still need to rely on technology to give ourselves peace of mind. The more indicators are not necessarily better, but it is better to make our winning rate higher and higher.
First, let's look at my two 5-minute trading transactions today.
Before, when shorting, I only intervened when the MACD became smaller or the 5-day moving average started to turn. But with the introduction of the Bollinger Bands indicator, you can see that the further away from the upper line, the more I dare to intervene. The two transactions in the picture above are interventions after breaking through the upper line.
Then exit at the previous low or the moving average support. The success rate has increased a lot.
The strategy is: first determine whether the market belongs to a bear or bull market. Today's market is a bearish trend.
When the large cycle is in a bearish trend, such as the hourly line being bearish, we use this wave to short in the small cycle of the 15-minute line or the 5-minute line cycle.
And going long is the opposite.
Bollinger Bands is a very good indicator. It is strongly recommended that friends who engage in contracts must learn it.
Most of the time, no matter what it is, you need to learn more and not solidify your thinking. Learn about each indicator, and then combine it with your own style and habits, and apply it to actual operations, which is very beneficial.
Now the indicators I use are: Bollinger Bands, Moving Average, MACD, KDJ and Volume. These five indicators.
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